- January 5th, 2025
The wealthiest 10% of the US stock market owns 93% of all household stock market wealth, a record high. The Institute for Policy Studies found that the richest 1 percent owns 54% of public equity markets, up from 40% in...
The EU is addressing its dependence on geopolitical rivals, such as China and Russia, by 'de-risking' its economy. This practice aims to curb China's access to top-notch Western innovation and reduce overreliance on China for critical goods, such as critical...
Chinese Commerce Minister Wang Wentao has expressed concern over the US's recent probe into American companies' purchase of "legacy chips" made by China. Wentao also criticized the US for restricting third-country lithography exports to China and imposing sanctions on Chinese...
The US Federal Aviation Administration has extended the grounded status of Boeing 737-9 Max aircraft due to stricter requirements imposed after an Alaska Airlines flight experienced a window blowout. The regulator has requested Boeing to provide additional data before approving...
The COVID-19 pandemic, anti-globalization sentiments, and geopolitical competition have significantly impacted the global economy, including China. In recent years, there have been systemic changes in the Chinese economy, with increasing challenges for private enterprises and weakening confidence in the future...
Hong Kong's economic recovery after the COVID-19 pandemic was short-lived and softer than expected, with private consumption growing but imports and exports remaining weak. Capital investment and tourism have also been lacking, with visitor arrivals only 65% of their 2018...
China's economy is in a downturn, with many cities cancelling official countdown events and celebrations. The government is financially constrained and hesitant to take responsibility for many issues, fearing overstepping its bounds. From 2020 to 2023, China faced significant development...
A US teenager, Willis Gibson, has achieved a significant feat by beating the classic computer game Tetris, forcing it into a game-ending glitch. Gibson, known as "blue scuti," became the first human to reach the "kill screen" of the Nintendo...
The US economy's weakness lies in rising debt levels and government spending, with a significant portion of GDP growth coming from bloated government spending financed by more debt and inventory revaluation. The increase in GDP between Q3 2022 and Q3...
China's foreign economy has been under significant pressure due to changes in the external environment. Despite rapid growth in foreign exports during the COVID-19 pandemic, there has been a gradual decline in foreign direct investment (FDI) since June, which only...
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